Sarah Baker was born and raised on Boston's South Shore. She graduated from the Rochester Institute of Technology with a B.A. in Photographic Illustration / Visual Media and minors in Business and Sociology. Before becoming a resident of Washington, D.C., Sarah lived and worked in New York City. She is active in her neighborhood, volunteering at the National Children's Medical Center and participating in athletics. Sarah loves traveling, spending time with family and friends and photojournalism.
Why Teachers?
I am from a family of teachers. I understand that our society has failed to compensate educators in proper proportion to their importance and impact on our future. Unfortunately, although I cannot directly control their salaries, but, I can make it easier for teachers to buy homes. I am doing this through a new nationwide program called Homeworks from Realty Executives International. In conjunction with the International program, I can offer incentives from local vendors that can save Teachers up to $2,000 at closing!
At 3:23pm on February 15, 2009, Margo Ramsey said…
Sarah,
This is an absolute shot in the dark. My older daughter is living and working in DC. She needs help networking to try to find the job of her dreams (ie. on the "Hill." She is a college graduate and well grounded, but right now hates the job she's in. I know you're in real estate, not career, but any insite you could offer would be greatly appreciated. Thanks. Margo
I know that there are some bond programs in various states that work well right now. I suggest that you contact Vicki Johnson at vickij@metrocitiesmtg.com for further information. Also, below is an article about the new FNMA HomePath program. Check it out.
For Immediate Release
Media Contact: Marissa Leon, Communications & PR Manager
800-252-3366 marissaleon@realtyexecutives.com
Desert Heritage Mortgage Chosen
By Fannie Mae as HomePath Lender
New REO Loan from Fannie Mae Requires Only 3% Down
and No Mortgage Insurance
Phoenix, AZ — (February 12, 2009) Desert Heritage Mortgage, an exclusive lending partner with Realty Executives and one of several lending affiliates of Metrocities Mortgage, is now one of only 12 lenders nationwide approved to offer Fannie Mae’s new “Real Estate Owned” (REO) loan product called HomePath. Desert Heritage is able to accept loan applications in all 50 states.
Fannie Mae has thousands of REO properties across the nation resulting from foreclosures. The HomePath product, offered in both fixed and adjustable-rate loans, serves as a financing option for consumers seeking to buy a Fannie Mae REO.
Primary residence homes purchased with HomePath are also eligible for up to 6% in seller concessions, which can help a buyer cover closing costs. A primary residence property requires only a 3% down payment, no appraisal and no mortgage insurance with HomePath. The new Fannie loan can also be used to finance investment properties, with only 10% down required for 1-2 unit buildings. Investors applying for a Homepath loan may own up to ten properties.
“HomePath is an exciting loan with great terms,”says Vicki Johnson, first vice president of Desert Heritage Mortgage, “And Desert Heritage is one of only a few HomePath lenders. Together with Realty Executives, we are financing a lot of REO properties through their New REO Buyers Program and Unique Foreclosure Centers. We're very pleased to be partnering with Fannie Mae to offer our customers even more financing options.”
Homebuyers interested in a HomePath loan should contact Desert Heritage Mortgage at 888-393-9590 x7124 or vickij@metrocitiesmtg.com to get connected with an experienced Loan Officer in their area.
About Desert Heritage Mortgage: Desert Heritage is one of several lending affiliates of Metrocities Mortgage, which combined represent the largest independent residential retail mortgage enterprise in the United States. Metrocities is backed by the stability of Sterling Partners, a multibillion-dollar private equity firm. Desert Heritage is the exclusive preferred lender for Realty Executives Phoenix.
About Realty Executives International: The nation’s first 100-percent commission company, has been perfecting its business model for more than 44 years and is one of the fastest-growing real estate franchises in North America. The Phoenix-based, privately held company has more than 800 franchises in 14 countries including offices in the United States, Canada, South Africa, Mexico, Australia, Israel, Spain, Costa Rica, Panama, Nicaragua, Poland, Belize and France. Publications like Entrepreneur, Success and Inc. magazines have all ranked Realty Executives International, Inc. as a leader based on franchise growth, management stability and financial soundness. For additional company information, call 1-800-252-3366, or visit
www.RealtyExecutives.com.
Marissa Leon
Communications & Public Relations Manager
Realty Executives International
2398 E. Camelback Road, Suite 900
Phoenix, AZ 85016
Office 602.957.0747
Fax 602.224.5542
www.RealtyExecutives.com
Welcome, Sarah, not only is it great to see another Realty Executive agent joing, but one from the east coast too. It appears most of our members here are from Arizona. Good luck. I'v just joined this site and am not sure where it will take me, but I'm willing to try. Margo